Grosse Ile Township Schools
Bylaws & Policies
 

6220 - BUDGET PREPARATION

The District's operation and educational plan is reflected in its budgets. Each year, the Board of Education will cause to have prepared and then review and approve the following Fund budgets:

 A.General Fund

 B.Athletic Fund

 C.Food Service Fund

 D.Bond Fund

 E.Sinking Fund

Each budget shall be designed to carry out District operations in a thorough and efficient manner, maintain District facilities properly, and honor continuing obligations of the Board.

The Board will attempt to maintain a secure financial position whereby the fund equity will be ten percent (10%) or more of the preceding year's expenditures.

A proposed budget requires the critical analysis of every member of the Board prior to approval; once adopted, the budget deserves the support of all members of the Board regardless of their position before its adoption.

The Board directs the Superintendent or designee to present the budgets to the Board along with all available information associated with each budget in sufficient time to allow for proper analysis and discussion prior to the hearing.

When presented to the Board for review and/or adoption, the information shall include, as appropriate:

 A.the number and category of staff members for the current and the ensuing year;

 B.the proposed expenditure and revenue in each financial category for the ensuing year;

 C.the anticipated expenditure and revenue in each financial category for the current year;

 D.the actual expenditure, the approved budget, and the revenue in each financial category for the previous year;

 E.an estimate of the student enrollment by grades for the ensuing year;

 F.the amount of fund equity anticipated at the end of the current year;

 G.an appropriations resolution.

M.C.L.A. 141.434 et seq.

Adopted 8/28/07